Adani Power Resolutions Approved by Lanco Amarkantak Power

08 Mar 2024 CW Team

In a pivotal development, Lanco Amarkantak Power Limited has given the nod to the resolution plan proposed by Adani Power Limited. The approval signals a significant step forward in the restructuring process and financial revival of the power sector.

Adani Power's resolution plan is geared towards addressing the financial challenges faced by Lanco Amarkantak Power. The acceptance of this proposal by the stakeholders indicates a consensus on the strategic measures required to revitalise the power industry and strengthen the financial position of the companies involved.

The resolution plan encompasses various aspects, including financial restructuring and operational enhancements, aiming to ensure sustainable growth for both Adani Power and Lanco Amarkantak Power Limited. The collaborative effort seeks to navigate challenges faced by the power sector, fostering a more robust and resilient framework for future operations.

This development comes at a crucial juncture for the power industry, where strategic decisions and partnerships play a vital role in overcoming obstacles and fostering growth. The approval of Adani Power's resolution plan reflects a positive outlook for the sector, signalling a commitment to revitalising struggling entities and fostering a healthier environment for power-related businesses.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..